
Hemet, California 92543
This Quadruplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $998,000—positioned well below the $1,325,543 Fair Market Value by 24%. This valuation gap offers $327,543 in Instant Equity. Featuring a Good Condition Rating, the property includes newly renovated kitchens, individual utility meters, and attached 2-car garages for every unit. With all units currently leased, this turnkey asset is ideal for Buy-and-Hold Investors or Portfolio Managers seeking immediate cash flow and long-term appreciation in the Hemet market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 962 Monarch Subject | $948,000* List Price | 9 | 8 | 4,138 | $320 | - |
A 358 Alessandro Street S Sold | $898,000 | 0 | 0 | 2,916 | $308 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1980 (44 years old), it is classified as Good due to significant recent maintenance and updates. The listing highlights two brand-new kitchens, a recently painted exterior, and well-maintained landscaping. The presence of individual meters and functional HVAC systems on the roof indicates the property is move-in ready and well-suited for immediate occupancy.
Each unit includes a rare 2-car attached garage and private fenced outdoor space, significantly increasing tenant desirability and long-term retention compared to standard multi-family assets.
With two newly installed kitchens, fresh exterior paint, and drought-tolerant desert landscaping, the property offers a turnkey investment with minimized immediate capital expenditure.
Individual gas and electric meters for every unit, along with in-unit laundry hookups, allow for a streamlined 'tenant-pays' utility model that maximizes the owner's net operating income.
Built in 1980, the property may require more frequent maintenance or future updates to original systems such as plumbing and electrical compared to newer construction.
Situated in Hemet, the property is subject to a secondary market that typically experiences lower rent ceilings and slower appreciation rates than primary Southern California coastal hubs.
Welcome to 962 Monarch in Hemet! A 4-Plex with a total of 9 bedrooms & 8 bathrooms featuring a nice layout of A/B/C/D units with each having a 2 car attached garage. Unit A has a 3rd bedroom and direct access to the garage. Units B/C are mirrors of each other with 2 bedrooms and 2 bathrooms, nice open kitchens and private fenced patios. End Unit D is 2 bedroom & 2 bathrooms also known as the "Owners Unit" and features a fireplace, private fenced yard, small courtyard and direct access garage. With all the units offering outside space, garages and private access this is an investors dream with great cash flow opportunities. Each unit has its own electric and gas meters, laundry space inside with gas/water hookups. Two brand new kitchens were recently installed. Located in a central location of Hemet close to schools and highway access, and offering a low overall cost of ownership this property has a great potential return for investors. Updated quadruplex offering strong investment potential. The property offers a functional layout with well-designed living spaces. Owners have recently painted exterior, and maintained landscaping. With the recent renovations and desert-like landscaping, this is a rare opportunity to own a low maintenance income property in a growing Hemet market. This Quadruplex offers a compelling combination of immediate income, low maintenance and future appreciation. All units are currently under lease.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 9.0 | 0.0 | 86% |
| Baths | 8.0 | 0.0 | 86% |
| Square foot | 4,138 | 2,080 | 86% |
| Lot Size | 11,326 | 6,970 | 71% |
| Price | $948.0K | $575.0K | 86% |
| Price per sq ft | $229 | $276 | 29% |
| Built year | 1980 | 1976 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 131 | 14% |
Jun 2, 2026
$948,000
$998,000
-5% Price Drop
Initial Listing
May 20, 2026
$998,000
Initial Listing
Feb 15, 2022
$725,000
Public Record
Feb 13, 2014
$275,000
Public Record
Oct 9, 2003
$390,000
Public Record
Feb 13, 2002
$195,000
Public Record